Herbert Tousley

Distinguished Service, Finance

hwtousley1@stthomas.edu

(651) 962-4263

Minneapolis Campus
1000 LaSalle Ave
Terrence Murphy Hall 331H
Minneapolis, MN 55403

B.S., Business, Colorado State University
M.B.A., , University of St. Thomas

See publications in UST Research Online

Herb Tousley is a commercial real estate professional with many years of experience in financial management, bringing a wealth of knowledge and expertise in the operations and financing of investment properties. Tousley has negotiated the purchase of land for new developments as well as the acquisition of existing properties. He has been involved in the investment analysis, financing, acquisition and development of properties with a cost in excess of $1 million through the use of both private and public funding. He has also supervised the asset management of the portfolio of properties after acquisition or development.

Tousley has a strong background working with multi-family, affordable housing, office, mixed use and retail properties. He has been involved with a wide variety of financing options, including Tax Increment Financing, tax credits, housing revenue bonds, HUD financing, FNMA and other conventional financing. He has worked with cities, counties and other government agencies to resolve zoning, density, permitting and financing issues. He has also prepared numerous investment analyses for a wide variety of potential investments. In addition, he has experience with special situations around commercial real estate helping clients solve problems created by the downturn in the market. Services provided included workouts, loan and lease renegotiation, property tax appeals and cost segregation analysis. As a vice president of a mezzanine finance company, Tousley has assisted in the preparation, submission and issuance of a $5 million Regulation D securities offering of subordinated debentures for real estate acquisitions and development. He has also been instrumental in raising capital for subordinated debt and equity for real estate projects from high net worth individuals as well as institutional investors. He is an expert witness for commercial real estate issues.

As a professor, Tousley's general philosophy is to bring as much of the real word into the classroom as possible. He uses his experience to give students a better understanding and knowledge of the skills that they can apply in the real world. He is also an instructor for real estate related software applications, including Argus, Site To Do Business, CoStar, and Excel.

Fall 2016 Courses
Fall 2016 Courses
Crs - Sec Title Days Time Location
REAL 600 - 601 Real Estate Decision Making - - W - - - - 1800 - 2100 TMH 352
Description of course Real Estate Decision Making : CRN: 43121
This course is part of the MS Degree in Real Estate. Enrollment is also open to all OCB graduate students. No Real Estate Pre-requisite required. (MBA students must be eligible to enroll in elective coursework in order to enroll in this course and must contact the MS degree in Real Estate office or their academic advisor to register.) This course provides an introduction to professional practices in real estate decision-making. The course focus is on real estate enterprise management, real estate finance, public sector relationships, property regulation, and investment decision making with particular emphasis on the activities, roles and participants involved. Topics include: real estate development, site selection, leasing and pricing strategies, finance options, investment analysis practices, real estate investment trusts, partnerships and asset management.
Schedule Details
Location Time Day(s)
REAL 760 - 601 Investment Property Analysis - T - - - - - 1800 - 2100 TMH 352
Description of course Investment Property Analysis : CRN: 43123
Evaluating the role of financing and leverage in real estate investment analysis; identifying alternative types of financing; valuation of financial structure; sources of equity financing for real estate; mortgage securitization and the operation of secondary mortgage markets. Fitting investment strategy to context of physical property, leverage, form of ownership, income tax and management alternatives. Emphasis is on analysis of limited partnerships, trusts, corporate real estate enterprises and securitization to fund real estate. Prerequisite: REAL600
Schedule Details
Location Time Day(s)
REAL 770 - 601 Real Estate Development M - - - - - - 1800 - 2100 TMH 351
Description of course Real Estate Development : CRN: 43124
Comprehensive property development course integrating all functional areas of real estate for the production of housing, retail, commercial, corporate and industrial real estate. Use of market research, feasibility studies and market analysis in contract negotiation for project construction, marketing and management of new and redevelopment opportunities in stable and developing markets. Prerequisite: REAL600
Schedule Details
Location Time Day(s)
J-Term 2017 Courses
J-Term 2017 Courses
Crs - Sec Title Days Time Location
Spring 2017 Courses
Spring 2017 Courses
Crs - Sec Title Days Time Location
REAL 625 - 601 Real Estate Fund. & Practices - - - R - - - 1800 - 2100 TMH 351
Description of course Real Estate Fund. & Practices : CRN: 22209
This course provides an introduction to professional practices in real estate decision-making. The course focus is on real estate enterprise management, real estate finance, public sector relationships, property regulation, and investment decision making with particular emphasis on the activities, roles and participants involved. Topics include: real development, site selection, leasing and pricing strategies, finance options, investment analysis practices, real estate investment trusts, partnerships and asset management.
Schedule Details
Location Time Day(s)
REAL 630 - 601 Real Estate Info Technology M - - - - - - 1800 - 2100 TMH 442
Description of course Real Estate Info Technology : CRN: 22146
This course is intended to provide the student with a comprehensive understanding of how to use technology in analyzing commercial real estate opportunities. The course begins with an overview of market analysis and how selected software applications can aid in decision making. Students will learn the role that market analysis plays in development, acquisitions, investment analysis, and site selection. This is followed by a comprehensive study of how software applications are used in analyzing commercial real estate opportunities and investment decisions.
Schedule Details
Location Time Day(s)
Academic and Professional Positions
  • Adjunct Instructor, University of St. Thomas, St. Paul / Mpls (2003 - present)
  • Director of the Master of Science in Real Estate Program and the Shenehon Center for Real Estate, University of St. Thomas, St. Paul / Mpls (2009 - present)
  • Sr. Vice President, Coldwell Banker Commercial Griffin Companies, Minneapolis (2007 - 2009)
  • Vice President, Omni Investment Properties, St. Paul (2002 - 2007)
  • Vice President, Hennessey Financial, St. Paul (2002 - 2003)
  • Sales Manager, Boyer Ford Trucks, Minneapolis (1997 - 2002)
  • Finance Specialist, Boyer Ford Trucks, Minneapolis (1996 - 1997)

Professional Memberships
  • Lambda Alpha International
  • Urban Land Institute

Professional Service
  • BOMA - Building Operations and Management Association,
  • CCIM - Minnesota Chapter of the Commercial Investment Real Estate Institute,
  • CoreNet Minnesota,
  • NAIOP - Commercial Real Estate Development Association,

Publications

Books and Chapters

Research Interests
  • Domestic
  • Real Estate
  • Valuations

Presentations